I'm gonna prove that:
$(i)~~\Sigma \vdash \theta$ does imply $\Sigma \vdash \exists x\theta$
$(ii)~~\Sigma \vdash \exists x\theta$ does NOT imply $\Sigma \vdash \theta$
$(i):$ According to rule of inference type (Q2), we have:
$\theta_{t}^{x} \rightarrow \exists x \theta$ if $x$ is substitutable in $\theta$ with term $t$.
So, the steps of the deduction will be as following:
$\theta$
$\theta_{x}^{x}$
$\exists x \theta$
Thus $\Sigma \vdash \exists x\theta$
$(ii)$ : According to one of rules of inference type (QR), we have:
If $x$ is bound in $\psi$, then $\{(\theta \rightarrow \psi),(\exists x \theta \rightarrow \psi)\}$.
Now, according to the assumption, $\exists x \theta$ is true. Then, $\psi$ must be true, too. (Unless, $(\exists x \theta \rightarrow \psi)$ will be false.)
Furthermore, we know that $(\theta \rightarrow \psi)$ is true. (rule of inference's assumption). But both truth of $\psi$ lead to both truth of $\theta$ and $\neg \theta$. So we can't conclude that $\theta$ is (always) true.
Finally, $\Sigma \vdash \exists x\theta$ doesn't imply $\Sigma \vdash \theta$.
Do you find any kind of flaws within arguments above?